Government permits 100% FDI in Single-Brand Retail Trade
Government permits 100% FDI in Single-Brand Retail Trade Finally, the Department of Industrial Policy and Promotion (DIPP), vide its Press Note No. 1 of 2012 dated January 10, 2012, has finally permitted 100% FDI in Single Brand Retail Trade under Government approval as against the current limit of 51% FDI. Earlier Foreign Direct Investment (FDI), in retail trade in single brand product retail trading was up to 51% is permitted, subject to certain conditions. The Government of India has reviewed the extant policy on FDI and decided that FDI, up to 100%, under the government approval route, would be permitted in Single-Brand Product Retail Trading, subject to specified conditions, as detailed below. (a) Products to be sold should be of a 'Single Brand' only. (b) Products should be sold under the same brand internationally l.e. products should be sold under the same brand in one or more countries other than India. (c) 'Single Brand' product-retail trading would cove...